Average Hourly Earnings of All Employees: Leisure and Hospitality in District of Columbia
SMU11000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.07
Year-over-Year Change
-1.51%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Leisure and Hospitality in District of Columbia tracks wages in the local leisure and hospitality sector, providing insights into the labor market and consumer spending in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the average hourly earnings of all employees in the leisure and hospitality industry in Washington, D.C. It is a key indicator of economic conditions and can inform policy decisions related to employment, wages, and the broader service sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to assess the strength of the local service economy.
Key Facts
- The leisure and hospitality sector accounts for over 15% of employment in Washington, D.C.
- Wages in this industry have risen by over 20% in the past decade.
- Trends in this data help forecast consumer demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of all employees in the leisure and hospitality industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the local labor market and service economy, informing decisions around employment, consumer spending, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the strength of the local service sector and make informed decisions about employment, wages, and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in District of Columbia (SMU11000007000000003), retrieved from FRED.